IMF warns of elevated risks to global public debt

WASHINGTON, Oct. 23 (Xinhua) -- The International Monetary Fund (IMF) on Wednesday warned of elevated risks to public debt and called on policymakers to implement enduring and carefully designed fiscal adjustments.

"Deficits are high and global public debt is very high, rising and risky. Global public debt is projected to go above 100 trillion dollars this year," Vitor Gaspar, director of the IMF's fiscal affairs department, said at a press briefing during the ongoing 2024 IMF and World Bank Group Annual Meetings.